Wolfensohn backtracks. Two weeks ago outgoing Bank president James Wolfensohn was at pains to dispel rumours of a Wolfowitz appointment, implying strongly he would not be happy to hand over to the Deputy Defense Secretary. Now somebody seems to have leaned on Wolfensohn to change his tune. He commented: today: "[Wolfowitz] is a person of high intellect and broad experience in and out of government and he has many qualifications that would be critical to leading the bank". Faint, not full, praise I know. And Wolfensohn did continue: "I look forward for the decision of our board", as if he held out some hope that the latter might veto Wolfowitz.

Alex Wilks ~ March 16, 2005

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